Step 1

32 instances of MT4 terminal installed on my VPS server to copy trades between accounts using Local Trade Copier. Obviously, you can run less or more 🙂

Prepare MT4 trading terminals for copy trading

The first step is to prepare MetaTrader 4 platforms. You can do this on any Windows-based desktop PC, laptop or VPS server. MAC users click here.

Important to note that all MT4 terminals must be running all the time on the same computer to copy the trades between MT4 accounts. To copy trades to your client’s MT4 running on their computer you need a remote trade copier such as Signal Magician.

Step 2

Install LTC Server EA into MT4 master account(s)

Master MT4 account is where you will be copying trades from and each of them must have LTC Server EA running all the time. You can have any amount of master MT4 accounts as long as your computer has enough power. Master accounts are also be called server accounts, provider accounts or sender accounts.

Use LTC’s auto-installer to install Server EA to multiple accounts automatically or copy its files manually to each MT4 Data Folder.

After installation, Refresh Navigator window or restart MT4 for the Client EA to appear on the “Expert Advisors” list.

An MT4 account becomes a master account once you start the Server EA on that particular platform. You decide which MT4 accounts will be masters and which ones will be clients.

Step 3

Install LTC Client EA into MT4 client account(s)

Client MT4 account is where you will be copying trades to and each of them must have LTC Client EA running all the time. You can have any amount of client MT4 accounts as long as your computer has enough power. Client accounts can also be called slave accounts, follower accounts or receiver accounts.

Use LTC’s auto-installer to install Client EA to multiple accounts automatically or copy its files manually to each MT4 Data Folder.

After installation, Refresh Navigator window or restart MT4 for the Client EA to appear on the “Expert Advisors” list.

An MT4 account becomes a client account once you start the Client EA on that particular platform. You decide which MT4 accounts will be masters and which ones will be clients.

Each client account can also act as a master account sending trades to a different group of client accounts further on.

Step 4

Launching LTC Server EA on MT4 master account.

Attach Server EA to MT4 Master account(s)

Attach LTC Server EA to all MT4 master accounts you want to copy the trades from. You can add or remove master accounts from your setup anytime you want.

To run the Server EA you will have to input a license key that’s sent to your inbox after you purchase a Local Trade Copier.

Only one chart needs to have Server EA attached per MT4 master account to copy all trades of all the instruments. EA can be attached to any chart or any time frame, but I recommend EURUSD.

I highly recommend using a separate empty chart for the LTC Server EA and do not attach any other indicators or scripts to the same chart window.

You can start Server EA with default settings and learn all different options along the way.

By default, Server EA uses Signal_Provider_ID=1, which means it will send trades to all Client EAs operating with the same ID, or in other words, in the same group #1. You can use this parameter to have different groups of accounts on the same computer copying different strategies.

Once started, LTC Server EA will start scanning your MT4 account non-stop for new trades and existing trade changes and send them to other MT4 accounts(the ones that have Client EA running).

Step 5

Launching LTC Client EA on MT4 client account.

Attach Client EA to MT4 Client account(s)

Attach LTC Client EA to all MT4 client accounts you want to copy the trades to. You can add or remove client accounts from your setup anytime you want.

To run the Client EA you do not have to input a license key, which makes it easier to operate the Local Trade Copier software. Only Server EA requires you to input a license key.

Only one chart needs to have Client EA attached per MT4 client account to copy all trades of all the instruments. EA can be attached to any chart or any time frame, but I recommend EURUSD.

I highly recommend using a separate empty chart for the LTC Client EA and do not attach any other indicators or scripts to the same chart window.

You can start a Client EA with default settings and learn all different options along the way.

By default, Client EA uses Signal_Provider_ID=1, which means it will listen for trading signals to all Server EAs operating with the same ID, or in other words, in the same group #1. You can use this parameter to have different groups of accounts on the same computer copying different strategies. It is also possible to set a list of master accounts to follow using the FilterMasterAccounts parameter. Details are explained in the instruction manual.

By default, Client EA will copy the trades risking the same amount in percentage according to master and client account difference and deposit currency. With LTC it is possible to determine the risk factor for each client account separately. In other words, LTC can handle different lot sizes for different accounts independent of their balance. LTC does all the necessary conversion so if the client account is 5x times bigger the position size copied will be 5x times bigger as well as an example. Local Trade Copier has 5 risk management options.

Once started, LTC Client EA will start listening to all Server EAs running on the same computer non-stop for new trades and existing trade changes and apply them immediately.

Step 6

BUY trade copied between two MT4 accounts using Local Trade Copier.

Start copying trades from master to client accounts

The best way to test if a trade copier setup is correct without any risk is to place a pending order on the master account at any price very far away from the current market price (at least 30 pips away). This way it won’t be triggered and you will be able to see if Client EA catches and copies the trade. Of course, on a demo account, you can test with any type of trade.

Once the trade is copied you will find all kinds of information printed in the EXPERTS log at the bottom of MT4 (copy speed, slippage, etc). This is also a place to look for any error or warning messages if you see any of the Client EA’s gray icons turn red.

What is Local Trade Copier?

Local Trade Copier is a special software for MetaTrader 4 platform which helps retail Forex traders and account managers duplicate trading positions between multiple accounts running on the same computer/VPS so they won’t need to repeat the same trade operations on each MT4 platform individually.

This means now you can trade on multiple MetaTrader 4 accounts simultaneously, mirror the trades of any trading bot to your friends and family accounts (even if it is locked to your MT4 account number), create investment portfolios of many MT4 accounts, remove risk of unregulated Forex brokers, turn losing trading strategy into a winner and become an independent account manager immediately without the need to sign any contracts or opening expensive PAMM accounts with the broker.

What my customers are saying

“

I tried to find some good MetaTrader signal copy program for a long time. Finally I've found Local Trade Copier and I can recommend this amazing software to anyone. There is no delay when copying trades and installation is pretty easy. I’m completely satisfied with this product.

Petr Bystricky, Czech republic

“

The LTC is one of the best copiers available on the market. It is very stable (in all time that I have been using the EA I have not had any problem with it), easy to install and has very fast trade execution. Definitely I will recommend this product to anyone who is looking for this type of software.

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